Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.58 per share (D, = $1.58), and the firm's required return is 11%. Find the market value of Lawrence's shares when dividends are expected to grow at 30% annually for 3 years, followed by a 7% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $ . (Round to the nearest cent.)

Lawrence​ Industries' most recent annual dividend was ​$1.98 per share ​(D Subscript 0=$1.98​), and the​ firm's required return is 13​%. Find the market value of​ Lawrence's shares when dividends are expected to grow at 15​% annually for 3​ years, followed by a 4​% constant annual growth rate in years 4 to infinity.

Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grips earned $3.29 per share and paid cash dividends of $1.59 per share (D = $1.59). Grips' earnings and dividends are expected to grow at 35% per year for the next 3 years, after which they are expected to grow 9% per year to infinity. What is the maximum price per share that Newman should pay for Grips if it has a required return of 11% on investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Grips is $ (Round to the nearest cent.)

Cost of Equity: Dividend Growth Summerdahl Resort's common stock is currently trading at $26 a share. The stock is expected to pay a dividend of $1.25 a share at the end of the year (D1 = $1.25), and the dividend is expected to grow at a constant rate of 7% a year. What is the cost of common equity? Round your answer to two decimal places.   %